DX Group (AIM:DX) – Cantor initiates coverage highlighting the ‘potential’ value
Cantor observes that the Group is making steady progress developing new services for its customers and restructuring operations. Profit margins are starting to improve and free cash generation is strong - £4.7m in the first half isn’t bad.
The group still faces challenges including managing the ongoing decline in its core document exchange business, however the current rating at 7.5x current year 2015 estimates seem to factor that in and more, you can also…
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